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BULLETIN: Freddie Mac and Fannie Mae Voluntarily Register Their Common Stock With the SEC Jul 02
Standard & Poors, July 2002
Abstract
On July 12, 2002, Freddie Mac and Fannie Mae announced that they would voluntarily register their common stock with the SEC in 2003, which will permanently require the companies to file periodic financial disclosures to the SEC under the Securities Exchange Act of 1934. The unsecured debt and MBS of Freddie Mac and Fannie Mae will not be subject to the registration process, and there is no change in the SEC exemption that Congress provided for Freddie Mac and Fannie Mae's securities in the company's charter. Furthermore, the ability of Freddie Mac and Fannie Mae to issue debt with 'agency status' has not been altered as a result of voluntarily filing their common stock with the SEC. Since the status...
Companies mentioned in this report are: Freddie Mac,Fannie Mae
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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